The People's Bank of China stipulates that since 20 16 12 1, if an individual transfers money through an ATM or other self-service teller machines, the card-issuing bank will handle the fund transfer within 24 hours after accepting it, and the individual can apply to the card-issuing bank for cancellation of the transfer within 24 hours.
Starting from 20 16 12 1, the bank counters (individual customers only) and non-counter channels except self-service teller machines will provide three transfer methods for customers to choose from.
1. "Real-time account arrival": after accepting the depositor's application for transfer, deduct the money and remit it immediately.
2. "Ordinary arrival": Ordinary arrival refers to non-real-time arrival. After accepting the depositor's transfer application, the deduction will be delayed for 2 hours and remitted.
3. "Arriving the account the next day": After accepting the depositor's application for transfer, the remittance will be delayed until the second natural day. Please note that the arrival of the next day is not 24 hours later.
4. The above remittance time refers to the time when the bank deducts money and initiates remittance. If it is an inter-bank transaction, the arrival time also depends on the inter-bank clearing system of the People's Bank of China and the posting time of the receiving bank.
Extended data:
The bank transfer method is as follows:
1. After confirming that the passbook account number and account name provided by the payee are correct, just take the cash to the bank and deposit it directly into the payee's account;
2. It is suggested to open an account in a bank, and then fill out a wire transfer form, clearly fill in the other party's account number, account name and bank name, and remit money from the account to the payee.
3. If it is too much trouble to open an account, you can remit money directly in cash and fill in the telegraphic transfer form for remittance, but you must clearly fill in the account number, account name and bank name of the other party;
4. Open online banking, and you can pay and transfer money online by yourself.
After the transfer is successful, you can make a phone call to confirm, to prevent the wrong account from being transferred or not arriving, and you can contact the bank in time for handling.
References:
Announcement on Shandong Rural Credit Cooperatives' Launching Micro-fund Transfer Business